GAMMA Investing LLC Grows Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

GAMMA Investing LLC raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 16.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 132 shares of the medical instruments supplier’s stock after buying an additional 19 shares during the period. GAMMA Investing LLC’s holdings in Mettler-Toledo International were worth $176,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MTD. QRG Capital Management Inc. purchased a new position in shares of Mettler-Toledo International during the 3rd quarter valued at about $342,000. Clearbridge Investments LLC raised its stake in shares of Mettler-Toledo International by 0.3% during the 3rd quarter. Clearbridge Investments LLC now owns 27,432 shares of the medical instruments supplier’s stock valued at $30,397,000 after buying an additional 88 shares during the last quarter. LPL Financial LLC raised its stake in shares of Mettler-Toledo International by 31.0% during the 3rd quarter. LPL Financial LLC now owns 3,956 shares of the medical instruments supplier’s stock valued at $4,384,000 after buying an additional 936 shares during the last quarter. Mariner LLC raised its stake in shares of Mettler-Toledo International by 6.5% during the 3rd quarter. Mariner LLC now owns 8,030 shares of the medical instruments supplier’s stock valued at $8,898,000 after buying an additional 489 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Mettler-Toledo International by 4.7% during the 3rd quarter. Stifel Financial Corp now owns 8,616 shares of the medical instruments supplier’s stock valued at $9,547,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gerry Keller sold 310 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the transaction, the insider now owns 6 shares in the company, valued at $9,069.36. The disclosure for this sale can be found here. Insiders have sold a total of 3,278 shares of company stock worth $4,871,849 in the last ninety days. Insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the subject of several recent analyst reports. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Evercore ISI lifted their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Citigroup lifted their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research note on Monday, May 13th. Finally, Stifel Nicolaus lifted their price target on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,256.25.

Mettler-Toledo International Trading Up 0.5 %

MTD stock opened at $1,463.48 on Friday. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,535.86. The stock has a market cap of $31.26 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 3.97 and a beta of 1.20. The business’s 50-day moving average is $1,378.56 and its 200 day moving average is $1,280.74.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping the consensus estimate of $7.61 by $1.28. The business had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.69 EPS. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.